Espresso shot of the day – Force Motors Ltd up by 19.10 percent

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Espresso shot of the day – Force Motors Ltd up by 19.10 percent

July 12, 2021
Espresso shot of the day – Force Motors Ltd up by 19.10 percent

FORCE MOTORS LTD 1640.75 (+19.10%) BSE – INE451A01017 | 12TH JULY 2021


The foundation of the Group was laid by Late Shri N K Firodia, freedom fighter and pioneering industrialist. He gave India two paradigms – the concept of “low cost public transport”, in the Autorikshaw (a word he coined that now finds a place in the Oxford Dictionary) and the Tempo Matador, which was the first diesel light commercial vehicle in India. The word Tempo (a registered trademark of Daimler) is now generic for any small goods carrier in India.

Recent Drivers

  • On July 6, 2021, the company’s total auto sales more than doubled or rose 124% year-on-year (YoY) to 1,925 units in June 2021. The car and utility vehicles company had sold a total of 860 units in June 2020. On a month-on-month (MoM) basis, the total sales grew 32% from 1,460 units sold in May 2021. While the company's domestic sales increased 107% to 1,501 units, exports sales jumped by 216% to 424 units in June 2021 over the same month of the previous year. Compared with May 2021, the company's domestic sales and exports have increased by 15% and 175% respectively.
  • On June 14, 2021, Force Motors Ltd. has announced on its social platforms that it is gearing up to launch the new BS6-compliant new-generation Force Gurkha.
  • On May 28, 2021, the Board of Directors of the Company at its meeting Recommended a dividend of Rs 5 per equity share of Rs 10 each, for the Financial Year ended March 31, 2021.
  • On April 30, 2021, the Gujarat government put into service 150 traveller ambulances to combat the rising number of coronavirus infection cases in the state. The Force Motors factory-built ambulance complies with all the latest regulations.
(Sources:, Moneycontrol, BSEIndia, Business Standards, The Week)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.51%
  • Traded on all-time-high value of 1653.10
  • Touched upper circuit Rs 1653.10
  • 3 months avg. volume of NSE: 1,88,927
  • Quantity traded: 3,18,400 | Deliverable quantity: 61,541 (19.33%)
  • Stock price has jumped more than 80% from one-year-low level: 885.00 (July 31, 2020)
  • Daily RSI (14) is at Overbought territory today
  • 52-week-high: 1,653.10 | 52-week-low: 885.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2733.27

2146.38

1753.77

1166.88

774.27

187.38

-

-

Fibonacci Pivot

2146.38

1772.21

1541.05

1392.17

1166.88

941.60

792.71

561.55

187.38


Today’s Close

1640.75

SMA

BSE

10 DAY

1323.86

20 DAY

1264.50

50 DAY

1228.37

200 DAY

1226.90


Some Key Ratios (Source: BSE)

Market Cap: 2,138.37 crores

PE: -19.33

OPM%: -4.80

ROE%: -6.01

Promoters holding%: 61.63

Prev. Close: 1377.60

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.